Wednesday, September 2, 2009

Oil speculation

There is a growing effort to curtail what they call speculators out of the Oil market. The problem I have is this is just another interference of market dynamics and as proven by last year run of $150 target on Oil, that whatever speculators do, the underline commodity will find it true price in a free market.
The suggestions I hear on the talking head shows in my opinion will make manipulation in the market more rampant and thus prices will be distorted again. To solve the problem, just leave it alone! Yes we will have blimps on the charts as any other market but it will find it true price under technicals and economics of the market.

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